Analysts See $0.73 EPS for Sonoco Products Company (SON)

Sunday, 14 Jan, 2018

Ftb Advisors Inc sold 13,696 shares as the company's stock declined 4.77% while stock markets rallied. The Ftb Advisors Inc holds 2,573 shares with $130,000 value, down from 16,269 last quarter. The Illinois-based Envestnet Asset Management Inc has invested 0% in Sonoco Products Company (NYSE:SON). The stock increased 1.84% or $1.06 during the last trading session, reaching $58.66. About 458,556 shares traded or 9.78% up from the average.

Sonoco Products (NYSE:SON) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report issued on Friday. It has underperformed by 7.15% the S&P500.

The stock of MasTec, Inc. (NYSE:OIS) for 48,878 shares. Sonoco Products has a 52-week low of $36.56 and a 52-week high of $55.47. The brokerage presently has a $61.00 target price on the industrial products company's stock. The stock decreased 0.09% or $0.05 during the last trading session, reaching $54.19. About 511,912 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since January 11, 2017 and is uptrending. It has outperformed by 12.51% the S&P500. The company has market cap of $5.39 billion. It operates through two divisions, Offshore Products and Well Site Services. It has a 19.97 P/E ratio. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Therefore 93% are positive. United Technologies Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. Craig Hallum maintained MasTec, Inc. The stock has "Hold" rating by Benchmark on Thursday, August 18. The rating was upgraded by Robert W. Baird to "Buy" on Monday, November 6. Sonoco Products presently has an average rating of Hold and a consensus price target of $54.14. The firm earned "Hold" rating on Wednesday, January 18 by SunTrust. The firm has "Sector Perform" rating by RBC Capital Markets given on Monday, November 2. The company was initiated on Tuesday, August 25 by Robert W. Baird.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.08, from 1.27 in 2017Q2. 64 funds opened positions while 129 raised stakes. Horizon Kinetics Limited Company has 0.01% invested in MasTec, Inc.

Eastern Bank, which manages about $1.41 billion US Long portfolio, decreased its stake in Duke Energy (NYSE:DUK) by 70,437 shares to 43,114 shares, valued at $3.62M in 2017Q3, according to the filing. (NYSE:OIS). Rice Hall James And Associate Lc has 655,740 shares for 0.74% of their portfolio. California Employees Retirement Systems invested in 163,219 shares. Following the completion of the sale, the senior vice president now owns 33,998 shares of the company's stock, valued at $1,801,894. Weaver C Barksdale Inc stated it has 0.91% in Sonoco Products Company (NYSE:SON). 1,000 are owned by Trust Of Vermont. Bernzott Capital Advisors sold 4,805 shares as the company's stock rose 0.68% with the market. Balyasny Asset Ltd Liability Corp owns 0.01% invested in Sonoco Products Company (NYSE:SON) for 27,400 shares. (NYSE:MTZ). Moreover, Sg Capital Mngmt Ltd Com has 2.45% invested in MasTec, Inc. 13,436 were reported by Gsa Cap Prtnrs Llp. Blackrock Inc reported 0.03% stake. Pnc Services Incorporated holds 2,041 shares.

Among 9 analysts covering Synopsys Inc. (NYSE:MTZ) to report earnings on February, 22. They expect $0.73 earnings per share, up 17.74% or $0.11 from last year's $0.62 per share. SON's profit would be $72.57 million giving it 18.56 P/E if the $0.73 EPS is correct. The institutional investor held 263,482 shares of the health care company at the end of 2017Q3, valued at $9.67M, up from 195,695 at the end of the previous reported quarter.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.08, from 1.27 in 2017Q2.

Several analysts recently commented on SON shares.

Other hedge funds have also recently made changes to their positions in the company. Clean Yield Gru owns 12,827 shares. The SI to Oil States International 4's float is 13.77%. Massachusetts-based Fmr Limited Liability has invested 0% in Sonoco Products Company (NYSE:SON). 2,573 are held by Ftb Advsrs. Ameriprise Fincl invested in 1.84M shares.

Sonoco Products (NYSE:SON) last released its earnings results on Thursday, October 19th. Jefferies Group restated a hold rating and issued a $47.00 price objective (up previously from $46.00) on shares of Sonoco Products in a report on Monday, October 24th. National Planning invested in 0.13% or 12,690 shares. Schroder Invest Mgmt Group Inc stated it has 0.04% in Sonoco Products Company (NYSE:SON). Qs Investors Ltd Company accumulated 90,597 shares. Thompson Marcy J also sold $28,815 worth of Sonoco Products Company (NYSE:SON) on Monday, October 2. Therefore 38% are positive. Zacks Investment Research lowered Sonoco Products from a "hold" rating to a "sell" rating in a report on Tuesday, September 19th. The firm has "Sell" rating by Vertical Research given on Friday, July 22. The stock has "Neutral" rating by Macquarie Research on Tuesday, November 10. The firm has "Buy" rating by Jefferies given on Monday, August 28. On Wednesday, September 20 the stock rating was maintained by KeyBanc Capital Markets with "Hold". (NASDAQ:SNPS) has "Buy" rating given on Monday, October 10 by. The company was maintained on Friday, August 11 by RBC Capital Markets. As per Friday, February 19, the company rating was maintained by RBC Capital Markets. The stock has "Hold" rating by RBC Capital Markets on Friday, June 30.

Since September 15, 2017, it had 0 insider purchases, and 4 selling transactions for $366,758 activity. Timber Hill Ltd Llc reported 0.03% in Sonoco Products Company (NYSE:SON). Robeco Institutional Asset Management B.V. now owns 156,115 shares of the company's stock worth $7,754,000 after buying an additional 112,924 shares during the last quarter.

In related news, SVP Vicki B. Arthur sold 727 shares of the business's stock in a transaction dated Friday, October 20th.

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